Form 4: PACCAR Director Alison Carnwath Reports Changes in Beneficial Ownership

Director Alison Carnwath reports acquisition of stock units through dividend reinvestment in PACCAR's Restricted Stock and Deferred Compensation Plan.

Summary

• On March 5, 2025, Alison J Carnwath, a director of PACCAR INC, reported changes in beneficial ownership of PACCAR securities.
• The transaction involved the acquisition of 66.6125 stock units through dividend reinvestment under the PACCAR Restricted Stock and Deferred Compensation Plan (RSDCP).
• These restricted stock units are convertible to PACCAR common stock on a 1-for-1 basis upon vesting.
• Following the transaction, Carnwath directly owns 20,851.7345 derivative securities.
• The price of the derivative security is $102.97.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transaction reflects a director's continued investment in the company through dividend reinvestment, which is generally viewed favorably.

Positives

• The director's participation in the dividend reinvestment plan signals confidence in the company's future performance.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for directors and officers of publicly traded companies like PACCAR, similar to filings made by insiders at companies like Daimler Truck Holding AG and Volvo Group.
• The RSDCP is a common compensation structure for non-employee directors, aligning their interests with those of shareholders, similar to plans offered by other large industrial companies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it demonstrates the director's continued investment in the company.

Key Dates